Skanska renovates university library in Greensboro, North Carolina, USA, for USD 60M, about SEK 620M

Rhea-AI Summary

Skanska (SKBSY) has secured a USD 60 million (SEK 620M) contract amendment with the University of North Carolina at Greensboro for renovating the Walter Clinton Jackson Library. The project encompasses a comprehensive renovation of approximately 21,700 square meters, including both the original 1950s 4-story library and a 1970s 9-story tower addition. The renovation aims to modernize the facility by incorporating high-technology group study areas, central gathering spaces, and increased individual student capacity. Construction commenced in May 2025 and is scheduled for completion in late 2027. The contract value will be recorded in Skanska's US order bookings for Q2 2025.

Positive

• New USD 60M contract strengthens Skanska's order book in the US market
• Project adds to company's portfolio in the education sector, demonstrating expertise in institutional renovations
• Long-term project spanning until 2027 provides steady revenue visibility

Negative

• None.

STOCKHOLM, June 12, 2025 /PRNewswire/ -- Skanska has signed an additional contract with the University of North Carolina at Greensboro for the reconstruction of the Walter Clinton Jackson Library in Greensboro, North Carolina, USA. The contract amendment is worth USD 60M, about SEK 620M, which will be included in the US order bookings for the second quarter of 2025.

The project includes the renovation of the university's original 1950s 4-story library and a 1970s 9-story tower addition. The project consists of a comprehensive, transformative renovation of approximately 21,700 square meters (234,000-SF) to integrate high technology group studies, central convening spaces and increased capacity for use by individual students. It is envisioned as a nexus of student academic success and transformative research resources.

Construction began in May 2025 and will be completed in late 2027.

For further information please contact:

Ashley Jeffery, Communications Manager, Skanska USA, tel +1 813 459 3682

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-renovates-university-library-in-greensboro--north-carolina--usa--for-usd-60m--about-sek-620m,c4163095

The following files are available for download:

https://mb.cision.com/Main/95/4163095/3499645.pdf	20250612 US university library
https://news.cision.com/skanska/i/image---walter-clinton-jackson-library,c3417673	Image - Walter Clinton Jackson Library

 

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SOURCE Skanska

FAQ

What is the value of Skanska's contract for the UNC Greensboro library renovation?

The contract amendment is worth USD 60 million (approximately SEK 620 million).

When will Skanska complete the Walter Clinton Jackson Library renovation project?

The construction project is scheduled to be completed in late 2027.

What is the scope of the SKBSY library renovation project at UNC Greensboro?

The project involves renovating 21,700 square meters, including a 1950s 4-story library and 1970s 9-story tower, adding high-tech study spaces and central gathering areas.

When did construction begin on the UNC Greensboro library renovation by Skanska?

Construction began in May 2025.

How will the contract value be recorded in Skanska's financials?

The contract value will be included in Skanska's US order bookings for the second quarter of 2025.